Dana Large Cap Fund Market Value
| DLCIX Fund | USD 20.64 0.45 2.23% |
| Symbol | Dana |
Dana Large 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dana Large's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dana Large.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Dana Large on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Dana Large Cap or generate 0.0% return on investment in Dana Large over 90 days. Dana Large is related to or competes with Wells Fargo, Aqr Diversified, John Hancock, Wealthbuilder Conservative, Stone Ridge, Calvert Conservative, and Diversified Bond. The fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disci... More
Dana Large Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dana Large's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dana Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 20.15 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.34 |
Dana Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dana Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dana Large's standard deviation. In reality, there are many statistical measures that can use Dana Large historical prices to predict the future Dana Large's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (9.11) |
Dana Large Cap Backtested Returns
Dana Large Cap secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the fund had a -0.16 % return per unit of risk over the last 3 months. Dana Large Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dana Large's Standard Deviation of 2.62, mean deviation of 1.19, and Variance of 6.87 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0459, which means not very significant fluctuations relative to the market. As returns on the market increase, Dana Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dana Large is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Dana Large Cap has below average predictability. Overlapping area represents the amount of predictability between Dana Large time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dana Large Cap price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Dana Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Dana Large Cap lagged returns against current returns
Autocorrelation, which is Dana Large mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dana Large's mutual fund expected returns. We can calculate the autocorrelation of Dana Large returns to help us make a trade decision. For example, suppose you find that Dana Large has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Dana Large regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dana Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dana Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dana Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dana Large Lagged Returns
When evaluating Dana Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dana Large mutual fund have on its future price. Dana Large autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dana Large autocorrelation shows the relationship between Dana Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dana Large Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Dana Mutual Fund
Dana Large financial ratios help investors to determine whether Dana Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dana with respect to the benefits of owning Dana Large security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |